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UNAUDITED CONDENSED COMBINED/CONSOLIDATED STATEMENTS OF CASH FLOWS (Statement) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 49,140 $ 37,598
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 7,902 5,829
Amortization and write-off of deferred financing fees 775 615
Loss on disposition of property and equipment 343 4
Gain on investment in partnership (120) 0
Deferred taxes 4,985 (5,217)
Noncash lease expense 7,262 4,297
Change in operating assets and liabilities    
Accounts receivable, net (74,930) (34,422)
Other receivables (13,755) (4,733)
Prepaid expenses and other current assets (5,009) 1,478
Other assets (1,802) (1,988)
Escrow funds (5,807) (1,673)
Operating lease obligations (8,572) (322)
Accounts payable 13,938 (2,332)
Accrued payroll and benefits 51,577 29,150
Accrued self-insurance liabilities 10,399 22,327
Other accrued expenses 1,340 (19,939)
Other liabilities 21,121 48,618
NET CASH PROVIDED BY OPERATING ACTIVITIES 58,787 79,290
Cash flows from investing activities    
Investment in partnership (5,081) 0
Non-operating distributions from investment in partnership 673 473
Purchase of investments (25,000) 0
Acquisition of facilities (78,500) (52,091)
Purchase of property and equipment (10,761) (5,936)
NET CASH USED IN INVESTING ACTIVITIES (118,669) (57,554)
Cash flows from financing activities    
Borrowing on lines-of-credit, net of deferred financing fees 117,000 33,179
Payments on lines-of-credit (100,000) (35,060)
Dividends on common stock (17,474) (18,513)
Borrowings of long-term debt, net of deferred financing fees 39,786 44,501
Payments on long-term debt (4,859) (9,192)
NET CASH PROVIDED BY FINANCING ACTIVITIES 34,453 14,915
Net change in cash (25,429) 36,651
Cash, cash equivalents, and restricted cash - beginning of period 118,704 98,206
Cash, cash equivalents, and restricted cash - end of period 93,275 134,857
Supplemental disclosures of cash flow information    
Interest 15,638 9,926
Income taxes 0 0
Non-cash financing and investing activity    
Accrued capital expenditures 4,112 2,495
Operation Expansion In Exchange For Notes Payable    
Non-cash financing and investing activity    
Assets acquired in operation expansions 0 3,909
Operation Expansion Through Settlement Of Notes Receivable    
Non-cash financing and investing activity    
Assets acquired in operation expansions $ 500 $ 0